The Gross Domestic Product (GDP) in Lithuania expanded 0.50 percent in the third quarter of 2022 over the previous quarter. source: Statistics Lithuania

GDP Growth Rate in Lithuania averaged 1.02 percent from 1995 until 2022, reaching an all time high of 4.40 percent in the first quarter of 2003 and a record low of -12.90 percent in the first quarter of 2009. This page provides - Lithuania GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

GDP Growth Rate in Lithuania is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania GDP Growth Rate is projected to trend around 0.90 percent in 2023 and 1.00 percent in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Lithuania GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-31 07:00 AM QoQ Flash Q3 0.4% -0.5% -1.2%
2022-11-30 07:00 AM QoQ 2nd Est Q3 0.5% 0.3% 0.4%
2023-01-31 07:00 AM QoQ Flash Q4


Related Last Previous Unit Reference
GDP Growth Rate 0.50 0.30 percent Sep 2022
GDP Annual Growth Rate 2.00 1.70 percent Sep 2022
GDP Constant Prices 11857.10 11796.90 EUR Million Sep 2022
Gross National Product 53392.60 48075.60 EUR Million Dec 2021
Gross Fixed Capital Formation 2826.00 2674.40 EUR Million Sep 2022

Lithuania GDP Growth Rate
In 2015, Lithuania became the 19th member of Euro Area. Lithuania’s service sector constitutes the largest share of GDP with information and communication technologies being the fastest growing. Also, in recent years Lithuania has shifted towards a knowledge-based economy: several companies produce sophisticated biotech products like pharmaceutical substances, components for molecular diagnostics and laser equipment. On the expenditure side, household consumption is the main component of GDP and accounts for 63 percent of its total use, followed by gross fixed capital formation (19 percent) and government expenditure (17 percent). Exports of goods and services account for 81 percent while imports account for 79 percent, adding 2 percent of total GDP. On a production side, the wholesale and retail trade, transport, accommodation and food service activities sector is the most important and accounts for around 32 percent to total GDP. It follows by industry (23 percent of total GDP); manufacturing (19 percent); public administration, defence, education, human health and social work activities (14 percent); construction (7 percent); real estate activities (6 percent); professional, scientific and technical activities and administrative and support services (6 percent); information and communication (3 percent); agriculture (4 percent); financial and insurance (2 percent); and arts, entertainment and recreation, repair of household goods and other services (2 percent).
Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 4.40 -12.90 1995 - 2022 percent Quarterly
SA

News Stream
Lithuania Economy Shrinks 0.5% QoQ in Q2
Lithuanian GDP contracted 0.5 percent on quarter in the three months to June 2022, worse than a preliminary estimate of 0.4 percent fall, reversing from a downwardly revised 1.1 percent growth in the previous period. It was the first contraction in the GDP since the second quarter of 2020, with the negative contributions coming from manufacturing (-0.2% vs 2.5%), agriculture, forestry and fishing (-1.0% vs 0.4%), construction (-2.6% vs 3.2%), wholesale and retail trade (-1.7% vs -0.2%), and real-estate activities (-3.0% vs 0.1%). By contrast, increases were seen in financial and insurance activities (1.5% vs -0.1%); information and communication (0.8% vs -0.2%). On a yearly basis, the GDP expanded by 1.8 percent, the least since the first quarter of 2021, following a 4.8 percent growth in the first quarter.
2022-08-31
Lithuania Q2 Economy Shrinks for 1st Time in 2 Years
Lithuanian GDP contracted 0.4 percent on quarter in the three months to June 2022, reversing from an upwardly revised 1.2 percent expansion in the previous period. It was the first contraction in the GDP since the second quarter of 2020, with the negative contributions coming from transportation and storage and rea-estate activities, preliminary estimates showed. On a yearly basis, the GDP advanced by 2.0 percent, the least since the first quarter of 2021, following an upwardly revised 4.8 percent growth in the first quarter.
2022-07-29
Lithuania Q1 GDP Growth Revised Higher
Lithuanian GDP advanced 1.0 percent on quarter in the three months to March 2022, faster than a preliminary estimate of 0.9 percent expansion, after an upwardly revised 1.5 percent growth in the previous period. Increases were reported in manufacturing (2.5% vs 3.6%), agriculture, forestry and fishing (0.3% vs 1.8%), construction (3.2% vs 0.6%), real-estate activities (0.1% vs 1.4%). By contrast, decreases were seen in financial and insurance activities (-2.2% vs 3.2%), wholesale and retail trade (-0.3% vs 0.3%), information and communication (-0.3% vs 2.5%). On a yearly basis, the GDP grew by 4.6 percent, faster than an earlier estimate of 4.4% growth, and the least in four quarters, following a 5.3 percent gain in the fourth quarter.
2022-05-31